Question
After reading Financial Accounting Reading: Basic Accounting Concepts and Assumptions, How the U.S. Accounting Profession Got Where It Is Today: Part I , and How
After reading Financial Accounting Reading: Basic Accounting Concepts and Assumptions, How the U.S. Accounting Profession Got Where It Is Today: Part I, and How the U.S. Accounting Profession Got Where It Is Today: Part II, tell what reflects on the development and it should current state of the accounting profession/industry. Is this a profession you think you would like to pursue? The answer should include a discussion on how the profession has evolved over its history, including a discussion of the "Big 8" becoming the "Big 4," the development of the industry's professional ethics, and the governing/regulatory bodies that act to establish and monitor the behaviors of the players.
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